Insider Buying: Monmouth R.E. Inv. Corp. (NYSE:MNR) CEO Acquires 1,125 Shares of Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) CEO Michael P. Landy bought 1,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average cost of $14.25 per share, with a total value of $16,031.25. Following the completion of the transaction, the chief executive officer now owns 422,300 shares in the company, valued at $6,017,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Michael P. Landy also recently made the following trade(s):

  • On Monday, June 17th, Michael P. Landy bought 152 shares of Monmouth R.E. Inv. stock. The stock was purchased at an average cost of $13.15 per share, with a total value of $1,998.80.
  • On Monday, April 15th, Michael P. Landy acquired 156 shares of Monmouth R.E. Inv. stock. The shares were bought at an average cost of $12.84 per share, with a total value of $2,003.04.

NYSE MNR traded up $0.08 during mid-day trading on Friday, hitting $13.77. The stock had a trading volume of 490,473 shares, compared to its average volume of 389,016. Monmouth R.E. Inv. Corp. has a 52-week low of $11.88 and a 52-week high of $17.51. The firm has a market cap of $1.30 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.22 and a beta of 0.64. The stock has a 50 day moving average price of $13.84. The company has a current ratio of 10.71, a quick ratio of 10.71 and a debt-to-equity ratio of 1.37.

Monmouth R.E. Inv. (NYSE:MNR) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. Monmouth R.E. Inv. had a return on equity of 2.99% and a net margin of 15.10%. The firm had revenue of $39.31 million during the quarter, compared to the consensus estimate of $40.31 million. Sell-side analysts expect that Monmouth R.E. Inv. Corp. will post 0.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.94%. The ex-dividend date is Wednesday, August 14th. Monmouth R.E. Inv.’s payout ratio is currently 78.16%.

Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased its position in Monmouth R.E. Inv. by 35.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,975 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 4,472 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in Monmouth R.E. Inv. during the first quarter worth $211,000. Wedbush Securities Inc. increased its position in Monmouth R.E. Inv. by 56.6% during the first quarter. Wedbush Securities Inc. now owns 47,656 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 17,231 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Monmouth R.E. Inv. by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,151,543 shares of the real estate investment trust’s stock worth $14,279,000 after buying an additional 102,063 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Monmouth R.E. Inv. by 168.8% during the fourth quarter. Two Sigma Investments LP now owns 763,137 shares of the real estate investment trust’s stock worth $9,463,000 after buying an additional 479,234 shares in the last quarter. 68.46% of the stock is owned by institutional investors.

A number of research firms have weighed in on MNR. Royal Bank of Canada increased their price objective on PVH to $145.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Boenning Scattergood set a $21.00 price objective on Essential Properties Realty Trust and gave the stock a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.30.

About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.

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Insider Buying and Selling by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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